Like many other situations encountered in residential appraising, the valuation of high-value and historic homes can be difficult. The properties involved can be odd, unusual, and even unique. Appraisers might wonder where to begin and question their competence or expertise, and refer the work to another appraiser. Does historic value exist? Appraising high-value residences presents unusual challenges. During this seminar, you will learn techniques to define and analyze market area, determine highest and best use, and apply the sales comparison approach when valuing an estate or mansion. In addition to these challenges, appraisers are sometimes asked to consider a property’s “historic value” as part of an appraisal assignment. This seminar will expand your understanding of these unusual residential property types. As experts, appraisers are already familiar with the basic concepts of real estate appraisal and methods of valuation. This seminar is designed to apply those basics to more unusual situations encountered in appraisal practices.